Larry Fink, chairman and chief executive of BlackRock, has warned that the global economy could face a severe recession if international oil prices rise to 150 dollars per barrel. In an interview with the BBC, he said the final outcome of the ongoing conflict in the Middle East remains uncertain but could lead to two extreme scenarios.

According to Fink, if the conflict is resolved quickly and Iran regains acceptance within the international community, oil prices could fall below pre-war levels. However, if the conflict drags on, prices may remain above 100 dollars for an extended period and could approach 150 dollars, which would have a serious impact on the global economy.

BlackRock, founded in 1988, manages about 14 trillion dollars in assets and is considered one of the world’s largest investors. Fink, one of its co-founders, is known for his insights into global economic trends.